Privatization of industries released immediate capital to invest in strategic areas.

Name: Privatization of industries released immediate capital to invest in strategic areas.
Brand: Quizplus
Rating: 4.7 (41 reviews)

Question

Quizplus · Accepted Answer

Privatization of state-owned enterprises (SOEs) had placed a drain on national budgets. Privatization released immediate capital to invest in strategic areas and gave relief from a continuing drain on future national resources. Often when industries are privatized, the new investors modernize, thus creating new economic growth.

Privatization of Industries Released Immediate Capital to Invest in Strategic